Power and energy sector are crucial for development of the infra-structure in any country. Proper growth in them facilitates daily life and also ensures all round growth of economy. The electrical power is convenient to use to satisfy versatile energy requirements. Energy acts as a key factor in determining the pace of economic activity. Referring to Indian situation, one notices that India’s energy sector has recently witnessed rapid growth. In particular, resource exploration and their optimum utilization, capacity enhancement and energy management have been virtually revolutionized. Yet such resource augmentation and growth has not yet met the ever increasing demands which arise due to multiplying population, rapid urbanisation and progress in economy. Hence, serious energy shortage continues to plague India, forcing it to rely on import. In this context, a quantitative model taking into account conventional and renewable sources of energy has been proposed, in the present study. The various sectors of energy utilization are incorporated in the model. One important motivation of the study is the search for suitable strategies to reduce CO2 emissions. The model suggested is sufficiently general and flexible and may be applied in the context of various possible outcomes and varying scenarios.
Real Time Impact Factor:
Author Name: I. NAWAZ
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Keywords: Development, energy utilization, renewable sources of energy, energy sectors, economic progress, CO2 emissions, infra-structure.